14.11.2016 - Global food prices to decline on bumper output forecasts
Global food commodities prices are likely to remain subdued during the rest of the current calendar and the next year following a sharp upwards revision in their output forecasts by the global monitoring agency the Food and Agricultural Organisation (FAO) of the United Nations. FAO in its latest report has forecast global cereal output at 2,571 million tonnes for the calendar year 2016, 1.5 per cent rise from their production reported in 2015. Apart from cereals, the recovery in the output of crude palm oil across major producing state hints at its price decline in coming days...........................................Full Article: Source
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